Mumbai: The property cell of the Mumbai crime branch has busted a racket where customer data of a renowned finance company was stolen and used to make illegal purchases. The police said that the accused made forged documents of clients and used them to make purchases worth over Rs 32 lakh.

The main accused in the case was identified as Ramiz Shaikh, a resident of Lalbaug, who worked in an electronic gadgets’ showroom. The officials said that the accused persons had committed similar offences in areas under the jurisdiction of the Mumbai and Navi Mumbai police apart from Thane.

“After Shaikh quit his showroom job, he used his user identity and password fraudulently to access the data of clients who had opted for credit schemes from Bajaj Finance. The data was used to make forged documents in their names and avail benefits,” said a crime branch officer.

Shaikh and his accomplices then went on an online shopping spree and bought several high-end electronic gadgets. Since he knew how the electronic goods’ market worked, he sold these high-end gadgets at lower rates and made money.